Miller IndustriesMLR -1.04%86 PB Ratio is 1.43 as of Jun. 29, 2026, which is 1% above its 10-year median of 1.41. GuruFocus rates MLR with a GF Score™ of 86/100 and a GF Value™ of $33.53 (Significantly Overvalued). The stock has 9 warning signs investors should review. Among 1,295 Vehicles & Parts companies, Miller Industries ranks worse than 52.12% on this metric.
Miller Industries Inc stock PB Ratio (=1.45) is close to 1-year high of 1.45.
The historical rank and industry rank for Miller Industries's PB Ratio or its related term are showing as below:
MLR'
s PB Ratio Range Over the Past 10 Years
Min: 0.84 Med: 1.41 Max: 2.17
Current: 1.43
During the past 13 years, Miller Industries's highest PB Ratio was 2.17. The lowest was 0.84. And the median was 1.41.
MLR's PB Ratio is ranked worse than 52.12% of 1295
companies
in the Vehicles & Parts industry
Industry Median: 1.37
vs MLR: 1.43
During the past 12 months, Miller Industries's average Book Value Per Share Growth Rate was 3.20% per year.
During the past 3 years, the average Book Value Per Share Growth Rate was 12.90% per year.
During the past 5 years, the average Book Value Per Share Growth Rate was 9.60% per year.
During the past 10 years, the average Book Value Per Share Growth Rate was 9.20% per year.
During the past 13 years, the highest 3-Year average Book Value Per Share Growth Rate of Miller Industries was 62.90% per year. The lowest was -40.40% per year. And the median was 6.95% per year.
The PB Ratio works the best for the businesses that earn most of their profit from their assets, e.g. banks and insurance companies.
Be Aware
Some businesses have very light assets, such as software companies or insurance agencies. The PB Ratio does not work well for these companies. Some companies even have negative equity, so the PB Ratio cannot be applied to them.
Miller Industries PB Ratio Related Terms
Miller Industries PB Ratio Historical Data
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The historical data trend for Miller Industries's PB Ratio can be seen below:
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
For the Auto Parts subindustry, Miller Industries's PB Ratio, along with its competitors' market caps and PB Ratio data, can be viewed below:
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.
Miller Industries PB Ratio vs Vehicles & Parts Industry
For the Vehicles & Parts industry and Consumer Cyclical sector, Miller Industries's PB Ratio distribution charts can be found below:
* The bar in red indicates where Miller Industries's PB Ratio falls into.
The PB Ratio, or Price-to-Book ratio, or Price/Book, is a financial ratio used to compare a company's market price to its Book Value per Share. It is a ratio widely used to value stocks.
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
It can also be calculated from the numbers for the whole company:
A closely related ratio is called Price-to-Tangible-Book. The difference between Price-to-Tangible-Book and PB Ratio is that book value other than intangibles are used in the calculation.
Miller Industries (MLR) has a PB Ratio of 1.43 as of Jun. 29, 2026. Price-to-Book ratio is the ratio of share price to a company's book value per share. View historical data on Miller Industries and its competitors. This is near median its historical median of 1.41. Over the past decade, Miller Industries' PB Ratio has ranged from 0.84 to 2.17. According to the industry distribution chart, Miller Industries ranks #675 out of 1295 companies in the Vehicles & Parts industry, placing it in the top 52.1%.
Is Miller Industries' PB Ratio too high?
Miller Industries' current PB Ratio of 1.43 is near median its 10-year median of 1.41. Over the past 10 years, this metric has ranged from a low of 0.84 to a high of 2.17. The Vehicles & Parts industry median PB Ratio is 1.37. Miller Industries' value of 1.43 is 4.4% above this industry median. Based on the distribution chart, Miller Industries ranks #675 out of 1295 companies in the Vehicles & Parts industry, which is below the industry midpoint. Overall, Miller Industries has a GF Score™ of 86/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Miller Industries' PB Ratio compare to SLDP and MNRO?
According to the Vehicles & Parts industry distribution chart, Miller Industries ranks #675 out of 1295 companies for PB Ratio. This places Miller Industries in the lower half of its industry. The industry median PB Ratio is 1.37. Miller Industries' value of 1.43 is 4.4% above this benchmark. Historically, Miller Industries' own PB Ratio has ranged from 0.84 to 2.17 over the past decade. While the company's 10-year median is 1.41 vs. the industry median of 1.37, Miller Industries has consistently been above the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good PB Ratio for a Vehicles & Parts company?
The median PB Ratio among Vehicles & Parts companies is 1.37, based on 1,295 companies in the industry. Companies in the top quartile (top 25%) have a PB Ratio significantly above this median, while those in the bottom quartile fall well below. However, PB Ratio should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Miller Industries's current PB Ratio of 1.43 is 4.4% above the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high PB Ratio mean?
A high PB Ratio can signal that a stock is expensive relative to its fundamentals. Price-to-Book ratio is the ratio of share price to a company's book value per share. View historical data on Miller Industries and its competitors. For the Vehicles & Parts industry, the median PB Ratio is 1.37 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Miller Industries's current PB Ratio is 1.43, which is near median its own 10-year median of 1.41. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Miller Industries stock overvalued right now?
Based on GuruFocus' analysis, Miller Industries (MLR) is currently considered Significantly Overvalued. The stock's GF Value™ is $33.53, compared to a current price of $52.38 — trading 56.2% above its estimated fair value. The current PB Ratio is 1.43, which is near median its 10-year median of 1.41 and 4.4% above the Vehicles & Parts industry median of 1.37. Miller Industries' overall GF Score™ is 86/100 with 9 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is PB Ratio calculated?
PB Ratio is calculated from a company's financial statements. For Miller Industries (MLR), the current PB Ratio is 1.43 as of Jun. 29, 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.
Is Miller Industries (MLR) Overvalued in 2026?
Based on GuruFocus' analysis, Miller Industries stock appears to be overvalued.
The current stock price of $52.38 is trading 56.2% above its estimated GF Value™ of $33.53.
GuruFocus considers Miller Industries to be Significantly Overvalued.
Key valuation signals for MLR:
PB Ratio: 1.43 (near median its 10-year median of 1.41)
GF Value™: $33.53 vs. price of $52.38 (56.2% above fair value)
Industry Position: 4.4% above the Vehicles & Parts median (#675 of 1295)
No single metric tells the full story. See the MLR stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Miller Industries Inc is a manufacturer of Towing and Recovery Equipment. The company designs and manufactures bodies of car carriers and wreckers, which are installed on chassis manufactured by third parties, and sold to customers. Its product lines include car carriers, light duty, heavy duty, rotators, special transport, military, wreckers, and transport trailers. It sells products under various brands including Century, Vulcan, Chevron, Holmes, Challenger, Champion, Jige, Boniface, Omars, Titan, and Eagle.
86GF Score
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